# TJC acquires Insulation Technology Group with financing from Churchill

TJC, LP has acquired Insulation Technology Group, a global provider of electrical insulation solutions for the utility market. Churchill Asset Management served as Joint Lead Arranger and Administrative Agent for a senior secured credit facility to support the acquisition.

- Type: Acquisition
- Announced: 2024-07-29
- Where: Baltimore, Maryland, United States
- Status: announced
- Products: high and ultra-high voltage porcelain insulators
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [H.I.G. Capital](https://endata.com/companies/2117.md) (partner)
- [HIG Capital](https://endata.com/companies/5477.md) (investor)
- [Churchill Asset Management](https://endata.com/companies/7109.md) (investor)
- [TJC](https://endata.com/companies/13432.md) (acquirer)
- [USALCO](https://endata.com/companies/41480.md) (target)
- [Insulation Technology Group](https://endata.com/companies/78852.md) (target)

## Sources

- [index.businessinsurance.com](https://index.businessinsurance.com/observerreporter/article/bizwire-2024-7-29-churchill-serves-as-joint-lead-arranger-and-administrative-agent-for-a-senior-secured-credit-facility-to-support-tjcs-acquisition-of-insulation-technology-group), 2024-07-29: "Already a global leader, ITG’s recent strategic transformations have positioned the Company for continued growth and increased market share, particularly as individuals seek sustainable solutions amidst aging infrastructure and growing power demand."
- [newswire.com](https://www.newswire.com/news/private-equity-firm-tjc-to-invest-in-usalco-llc-22398998), 2024-08-05: "USALCO is thrilled to partner with TJC on its next phase of transformation and growth."
- [webdisclosure.com](https://www.webdisclosure.com/press-release/usalco-nasdaq-private-equity-firm-tjc-to-invest-in-usalco-llc-nN9YO83kDCy), 2024-08-05: "USALCO is thrilled to partner with TJC on its next phase of transformation and growth."
- [privateequityinternational.com](https://www.privateequityinternational.com/tjc-to-acquire-water-treatment-solutions-provider-usalco-to-h-i-g-capital/), 2024-08-08: "TJC to acquire water treatment solutions provider USALCO to HIG Capital"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.